NXMH
Next Meats Holdings, Inc.0.0288
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
12.60MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
8-K
Auditor switch completed
Next Meats Holdings switched to BCRG Group as its independent auditor on June 24, 2024, tasking them with auditing the fiscal years ended April 30, 2024 and 2023. No prior consultations occurred with BCRG, avoiding any accounting disagreements or reportable events. This change streamlines financial reporting. Smooth transition ahead.
8-K
Auditor dismissal announced
Next Meats Holdings dismissed its auditor BF Borgers CPA PC on May 3, 2024, with clean audit opinions for fiscal years 2023 and 2022, save for a going-concern note. No disagreements arose, but material weaknesses in internal controls persist as previously disclosed. The company hunts for a replacement. This shift underscores ongoing reporting challenges.
10-Q
Q3 FY2024 results
Next Meats Holdings posted total revenues of $264,635 for Q3 FY2024 ended January 31, 2024, down 19.5% y/y from $221,567 yet lifting gross profit to $51,627—a 340% y/y jump—thanks to lower cost of revenues after disposing expired sample inventory. Operating expenses fell 28.4% y/y to $234,753, trimming the operating loss to $183,126 from $315,982, while net loss narrowed to $165,663 amid other income from related parties. YTD through nine months, revenues dropped 32.3% y/y to $740,259, but gross margins expanded to 25.2% from 10.6%, curbing net loss to $825,689 versus $1,818,674; diluted EPS shows anti-dilution effects with no shares outstanding due to losses. Cash dwindled to $40,000 with negative operating cash flow of $236,461, offset by $198,635 in financing including share sales, while total debt rose to $906,000 mostly related-party loans—yet liquidity strains persist. Shares repurchased cut outstanding count to 437.6 million. Competition in premium plant-based foods remains fierce.
8-K
Share repurchase completed
Next Meats Holdings repurchased 25,112,780 shares of its restricted common stock from Hiroki Tajiri on December 5, 2023, at $0.001 per share, paying about $25,113 under Regulation S. The shares were cancelled and returned to treasury status by December 11, leaving 437,592,510 shares outstanding. This move tightens the share float. No strategic rationale disclosed.
10-Q
Q2 FY2024 results
Next Meats Holdings posted total revenues of $238,546 for Q2 FY2024 ended October 31, 2023, down 49% y/y from $465,868 yet lifting gross profit to $56,092 on lower costs after dumping expired inventory. For the half-year, revenues fell 45% y/y to $475,624, but gross profit climbed 30% to $134,905, while operating loss narrowed to $597,771 from $1,646,991 on slashed G&A expenses. Net loss eased to $660,027, matching operating loss since other expenses offset minor income; diluted EPS stayed at $0.00 with no dilutive securities. Cash dwindled to $26,844 amid $233,000 operating outflow, offset by $198,000 financing including stock sales, leaving total debt at $523,000 mostly short-term related-party loans. No M&A or non-GAAP metrics disclosed in the 10-Q. Shares repurchased from ex-CEO for $40,168. Global economic pressures squeeze premium plant-based demand.
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